
Cave Creek, AZ 85331
Analysis of 32624 N 46TH Street, Cave Creek, AZ 85331 is currently available with a list price of $5,000,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Cave Creek Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property underwent a full remodel in 2022, including a brand-new roof, HVAC, and water heater. The interior features modern quartz countertops, new cabinetry, and wood-look tile flooring, meeting the criteria for a high-end renovation completed within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 435600, living area = 2400.
The property is a premier horse estate featuring a sophisticated 18-stall barn, dual arenas, a covered round pen, and direct access to preserved desert trails.
Set on ten pristine, fully fenced acres with sweeping mountain views and no HOA, this estate offers rare privacy and significant land value in a coveted Cave Creek location.
At approximately 2,500 square feet, the main home may feel undersized for the $5 million price point, which is primarily driven by the land and equestrian facilities.
The scale of the 18-stall barn, 2,000 SF shop, and extensive irrigated grounds requires significant ongoing labor and financial investment to maintain.
Ready to live the dream? Welcome to Rigel Ranch: a rare private equestrian estate for the true horseman set across ten pristine, fully fenced acres in one of Cave Creek's most coveted settings. Framed by sweeping mountain vistas and open desert, the beautifully reimagined main residence and charming Southwestern guest casita offer quiet comfort after long days in the saddle. Thoughtfully designed for both horse and rider, the grounds feature a sophisticated 18-stall barn, lighted and irrigated main arena, secondary arena, and covered round pen with sprinklers, along with multiple corrals, horse casitas with individual runs, a large shop, and private pool & spa. With direct access to preserved desert trails, the property delivers space to ride, train, and live in rhythm with the land. THE MAIN RESIDENCE: Fully remodeled, the main residence encompasses roughly 2,400 SF, 5 bedrooms plus an office, 4 1/2 bathrooms, an extended 2-car garage with temp-controlled storage, a fenced & heated private pool and spa, a private yard, and an extensive covered patio. No detail was overlooked, with brand-new cabinetry, quartz countertops, wood-look tile flooring and baseboards, a cozy brick fireplace, stainless appliances, Sonos surround sound, and new security equipment. Plus, a brand-new roof, HVAC, and water heater in 2022. THE GUEST CASITA: Offering true Southwestern charm, this 1-bedroom, 1.5-bathroom, roughly 650 SF casita is finished with unique Saltillo tile, a kitchen with white oak cabinetry, and a fully fenced yard. THE BARN: Simply described as 18 stalls, the barn is truly a showstopper. Finished with pavers and featuring ten 12' x 12' stalls & eight 12' x 16' stalls, other amenities include an immaculate tack room, refrigerated supplement room, office, sophisticated fan & mister system, soaring ceiling height, and central access to the main arena, round pen, and horse casitas. THE ROUND PEN: The 60' covered round pen offers an apex roof, mister system, and lights. THE MAIN ARENA: The 160' x 200' arena offers show lights and sprinklers with three large corrals nearby. THE SECONDARY ARENA: The 80' x 130' arena is perfect for dressage and offers three nearby shady corrals. THE HORSE CASITAS: Nine 16' x 24' horse casitas with individual 75' runs and water. THE SHOP: The lighted 2,000 SF metal shop offers automatic roll-up doors, Kubota tractors and equipment, and compartmentalized storage for hay. ADDITIONAL FEATURES: City water, landscape lighting throughout the property, two large onsite water storage tanks, extensive welded pipe-rail fencing, a two-car carport, and additional covered parking. Buyer to independently verify all material information including square footage/size of all structures and improvements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 7.0 | 0.0 |
| Square foot | 2,400 | - |
| Lot Size | 435,600 | - |
| Price | $5.00M | $800.0K |
| Price per sq ft | $2.1K | $353 |
| Built year | 1975 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 3149 |
Jul 10, 2026
$5,000,000
Initial Listing